Advanced Energy prices $500M 2.50% convertible senior notes due 2028; repurchases $40M stock

ADVANCED ENERGY INDUSTRIES INC

$500M principal of 2.50% convertible notes due Sept 2028; conversion premium ~30% over $105.74 close.
Net proceeds expected ~$487.9M ($561.2M if greenshoe option exercised).
Concurrent $40.0M stock repurchase (378,286 shares) from note purchasers.
Entered convertible hedge and warrant transactions; warrant strike $179.76 (70% premium).
Proceeds to fund potential M&A, debt repayment, buybacks, or general corporate purposes.

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